BANKNIFTY Intraday 27 MAY | Breakout or Breakdown Scenario

May 27

BANKNIFTY – Key Levels Setup | Breakout or Breakdown Scenario

According to the price action observed at session start , BANKNIFTY is currently consolidating between the resistance at 55,185 and the support at 55,018 . The structure suggests price is coiling, and a decisive move beyond either level could trigger a directional breakout.

• Key Levels:
Resistance: 55,185
Support: 55,018


• Breakout Scenario:
If price breaks and sustains above 55,185 :
TP1 (1:1): 55,352
TP2 (1:2): 55,519
TP3 (1:3): 55,686

• Breakdown Scenario:
If price breaks and sustains below 55,018 :
TP1 (1:1): 54,851
TP2 (1:2): 54,684
TP3 (1:3): 54,517

"Stay neutral, stay ready. Let the chart pick the direction."

Information and analysis provided is for educational purposes only.

May 27

Trade closed: target reached

BANKNIFTY – Intraday Summary | 27 May 2025

BANKNIFTY triggered a breakout and hit its first target, but lacked momentum to follow through further. The session reflected hesitation near key resistance.

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• Pre-Market Levels:
Resistance: 55,185
Support: 55,018

• Breakout Scenario:
If price breaks and sustains above 55,185:
TP1: 55,352
TP2: 55,519
TP3: 55,686

• Breakdown Scenario:
If price breaks and sustains below 55,018:
TP1: 54,851
TP2: 54,684
TP3: 54,517

• Session Summary:
– BANKNIFTY broke above 55,185, confirming a breakout.
– It reached TP1 (55,352) but struggled to extend toward TP2.
– Resistance near TP1 led to a reversal back toward the breakout zone.
– Volume surged late in the session, possibly signaling institutional interest, but without strong upside continuation.

Conclusion:
The breakout lacked conviction beyond TP1. Market closed near resistance, suggesting hesitation.
Watch for strength above 55,352 or weakness below 55,185 in the next session for directional clarity.

"React to levels, not emotions. Let price lead the way."

Information and analysis provided is for educational purposes only.

May 27

Note

BANKNIFTY – Intraday Summary | 27 May 2025

BANKNIFTY opened with a breakdown, achieved downside targets, and then reversed sharply—testing both bearish and bullish setups in one volatile session.

[img][/img]

• Pre-Market Levels:
Resistance: 55,185
Support: 55,018

• Market Behavior Summary:
– The session started with bearish momentum, breaking below 55,018 and confirming a breakdown.
– TP1 (54,851) and TP2 (54,684) were achieved with strong follow-through.
– After hitting TP2, buying pressure emerged and pushed price back above 55,018.
– BANKNIFTY eventually tested the resistance at 55,185 but failed to sustain above it.
– The index closed around 55,352 after a sharp intraday recovery.

Conclusion:
This was a breakdown-to-reversal session. The market respected both bearish and bullish setups, showing the power of reacting to price near key levels.
Both scenarios played out, offering multiple opportunities for adaptive traders.

"Flexibility beats bias. Let price behavior guide your trades."

Information and analysis provided is for educational purposes only.

May 27

Note

Market Behavior Summary:

The session began with consolidation near the range highs. Eventually, the price broke above the resistance level of 55,185, confirming a bullish breakout.
All three upside targets—55,352, 55,519, and 55,686—were achieved successfully, showing strong momentum after the breakout.

However, after hitting the final target (TP3), the market faced selling pressure and retraced back into the original range, settling around the resistance-to-support zone between 55,185 and 55,018 by the close.


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Conclusion:

A clean breakout move played out as anticipated, hitting all bullish targets.

This was followed by a pullback, demonstrating how even after a successful breakout, retracement to retest previous levels is common—highlighting the importance of booking profits near targets and managing risk during reversals.